120 Young Canyon RdCloudcroftNM88317
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cloudcroft at 120 Young Canyon Rd, Cloudcroft, NM, 88317 priced at $995,000 converts $3,240/mo rent into after a $4,870/mo obligation. Total monthly income equals $3,240/mo. Return on cash invested prints 10.53% in year one, and rental yield reads 3.91% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 52.08% and total cumulative return in cash sums $170,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 2008
15.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 88317, Cloudcroft, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,782 (100%) |
| Owner Occupied HU | 856 (30.8%) |
| Renter Occupied HU | 144 ( 5.2%) |
| Vacant Housing Units | 1,782 (64.1%) |
| Median Home Value | $306,383 |
| Average Home Value | $374,416 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
799
Multi-Family
0
Businesses
122
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Listed by: Debbie Loper • Future Real Estate
Mls Name: OCMLS
Mls ID: #169846